Quintiles Files Registration Statement for Initial Public Offering

February 15, 2013 04:40 PM Eastern Standard Time

RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--Quintiles Transnational Holdings, Inc. announced today that it has filed
a registration statement with the U.S. Securities and Exchange
Commission (SEC) relating to a proposed initial public offering of its
common stock. The number of shares to be offered by Quintiles and its
shareholders and the price range for the offering have not yet been
determined. Quintiles expects to use the net proceeds it receives from
the offering to repay a portion of its existing long-term debt and for
general corporate purposes.

Morgan Stanley, Barclays and J.P. Morgan are serving as joint lead
book-running managers for the offering. Citigroup, Goldman, Sachs & Co.,
Wells Fargo Securities, BofA Merrill Lynch and Deutsche Bank Securities
are serving as book-running managers for the offering. Baird, William
Blair and Jefferies are serving as lead co-managers, and Piper Jaffray
and UBS Investment Bank are serving as co-managers for the offering.

A registration statement relating to these securities has been filed
with the SEC, but has not yet become effective. These securities may not
be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This press release shall not
constitute an offer to sell or a solicitation of an offer to buy, nor
shall there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation, or sale would be unlawful prior to
registration or qualification of such securities under the securities
laws of any such state or jurisdiction.